In: Accounting
The Government has recently launched a new and innovative transport system in the country, which is managed by the Metro Express Co Ltd. The CEO of the company is aware that a big challenge lies ahead in managing a new company and to run it efficiently. The Chairperson of the Board of Directors has stated, at the first meeting, that “Managing an organisation requires various skills and the ability to organise various resources. All these tasks must be executed with an understanding of how actions influence the organisation, both internally and externally.” Furthermore, the Board of Directors of the Metro Express Co Ltd has stressed that one of the significant influences on how an organisation is managed is the system of corporate governance.
You are requested to advise the CEO on:
(i) all the factors he must consider, including accounting information, to manage the decision making process of the company.
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CONCLUSION
The Government has recently launched a new and innovative transport system in the country, which is managed by the Metro Express Co Ltd